DONT Make These Crypto Trading Mistakes!! 😡


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πŸ“ΊEssential VideosπŸ“Ί

How To Find Low Cap Gems πŸ‘‰ https://youtu.be/GIfihSBT6Bc
Altcoin Exit Strategy πŸ‘‰ https://youtu.be/ZGd6O79_MOc
Recent Chainlink Analysis πŸ‘‰ https://youtu.be/oszRMlrmm6o
Kusama Explained πŸ‘‰ https://youtu.be/mNSuvYaJ2Vg
Cryptocurrency Technical Analysis (Part 1) πŸ‘‰ https://youtu.be/lW3eWIj3Q04

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– TIMESTAMPS –
0:00 Intro
1:56 Trading Strategy
4:13 Exit Strategy
7:00 Market Depth
9:25 Trading Volume
10:54 Circulating Supply
13:21 Market Cap
15:43 Fundamentals
19:18 Final Thoughts

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β–Ί Uniswap DEX Analytics: https://info.uniswap.org/home
β–Ί ICODrops To Check Allocation & Vesting: https://icodrops.com/
β–Ί Messari To Check Allocation & Vesting: https://messari.io/
β–Ί Trustnodes Report About LINK Selling: https://www.trustnodes.com/2020/08/14/chainlink-devs-dump

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πŸ“ŠTrading StrategyπŸ“Š

The number one mistake cryptocurrency traders make is going in without a well-defined plan, and most of this involves deciding on a timeline

If you are in it for the long haul, you are better off holding and dollar cost averaging. If crypto is a short term affair, you will have to do your research to find promising altcoins that could 10x or more.

πŸ€‘Exit StrategyπŸ€‘

β€œExit strategy” has a different meaning depending on who you ask. While fiat is nice to have, it is losing value by the day. Bitcoin may be a better β€œcash out” option, even compared to other assets

Profits can be taken in two ways: all at once or gradually over time. Like dollar cost averaging, it is safer to take some profits every time a certain dollar or percentage gain has been made

πŸ“Market DepthπŸ“

Market depth can be measured using the depth chart on cryptocurrency exchanges and on some coin tracking sites like Coingecko

If you see a depth chart where the buy wave is larger than the sell wave, this suggests that there is not much demand for the cryptocurrency being traded

The β€œsteps” you often see in the sell wave are called sell walls. Sell walls mark a price where a lot of traders will be selling. The larger the sell wall, the harder it will be to push past that

Sell walls normally develop around psychologically comfortable prices which may not always match up to what’s seen in the price chart. The reverse is true for sell waves and sell walls in market depth

πŸ’±Trading VolumeπŸ’±

The trading volume you see on sites like Coinmarketcap and Coingecko give you a bird’s eye view of the trading volume for that cryptocurrency across exchanges

This makes it possible to easily spot any volume abnormalities which could suggest price manipulation. A cryptocurrency should have lots of trading volume spread across multiple exchanges

If you see a cryptocurrency that is trading primarily on a DEX, be sure to give it some extra due diligence during your research

πŸ’ΈCirculating SupplyπŸ’Έ

Circulating supply is important because a low circulating supply relative to the total or maximum supply means that there could be a risk that you’ll get dumped on by early investors or the team behind the project. This can be easily checked using the grey bars on CMC

πŸ’°Market CapπŸ’°

The larger the market cap of a cryptocurrency, the more money it will take to push its price up. This is why you have to go looking for lesser-known altcoins will small market caps if you want to pull a quick 10x

πŸ› Fundamentals πŸ› 

Investing in a cryptocurrency project just because you expect the price to go up for whatever reason is the number one trading mistake. Having expectations is the number one killer of crypto gains

More often that not, people will FOMO in in the first few minutes expecting a price pump, and maybe it does pump by a few percentage points. It feeds on itself as those who see the pump try to catch it

Then a whale comes by and dumps on those new investors, leaving them wondering why they bought that cryptocurrency.

Instead of banking on a boost from some bullish news, take a moment to ask yourself if the cryptocurrency you’re investing in has *some fundamental* value that makes it worth trading or holding.

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πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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The Best Forex Trading Software For Making Extra Cash

The word forex means foreign exchange. There are many people who trade in this market and make profits from the trends of different currencies. In the past most traders used to hire online brokers to buy and sell currencies for them. Nowadays, it is different. They traders have to do the trading themselves. This involves analyzing the currency trends and making decisions on whether to sell or buy depending on the change in prices and other pointers. This is tricky and requires a keen eye and a lot of knowledge about the foreign exchange market. However, with the best Forex trading software, one can trade easily.

Forex Trading Tips: How to Make Money Trading In Foreign Currencies

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Golden Rules For TradeStation Trading

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Forex Market: The Importance of Demo Accounts

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Forex Market – Emotional Aspects of Trading

Tips for a proper experience in trading. Emotional aspects of the average trader.

Forex Market – Basic Tips for Trading in the Forex Market

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